JUST IN: Rishi Sunak will be Britain's new prime minister after seeing off rivals in the fast-tracked race to replace Liz Truss
Former finance minister Rishi Sunak will be the United Kingdom’s next prime minister after seeing off his lone remaining rival in the fast-tracked race to become Conservative party leader on Monday. The other potential candidate, Penny Mordaunt, fell by the wayside after failing to meet the threshold of nominations required to progress to the next stage of the race. Moments before the number of nominations were due to be announced, Mordaunt pledged her full support to Sunak.
Sunak officially declared he’d be standing on Sunday, after securing the support of 100 Conservative lawmakers, the necessary threshold set by party officials. By Monday he had secured the support of more than half of the party’s 357 MPs. “The United Kingdom is a great country but we face a profound economic crisis. That’s why I am standing to be Leader of the Conservative Party and your next Prime Minister.
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